MLPs: Where to Find Value, and Yield

Veteran energy investor Darren Schuringa has been quietly racking up stellar returns by investing in master limited partnerships with safe and growing payouts.

Darren Schuringa was investing in master limited partnerships before it was cool.

The founder of Yorkville Capital Management, Schuringa has been reaping the benefits of the yield-rich energy securities since the late 1990s. And despite the surge of attention—and cash—lavished on MLPs in recent years, Schuringa is still finding values. He believes MLP indexes based on market capitalization are flawed, and Yorkville prides itself on...